by Adam Armstrong

Nutanix Reports Its 2Q17 Earnings

Today Nutanix reporting its earnings for the second fiscal quarter of 2017. This marks Nutanix second earnings report since going public in September of last year. While Nutanix is reporting “record revenue,” they only have one other public revenue to compare it with. Post announcement their stock dropped in after hours trading.

Image courtesy of Google Finance

Looking at the numbers, Nutanix is reporting a revenue of $182.2 million up from $166.8 million last quarter. Nutanix saw a GAAP net loss of $93.2 million which is down considerably from last quarter’s $162.2 million (this comes out to a net loss of $0.66/share). Non-GAAP net loss was $39.9 million compared to the $47.8 million last quarter (loss per share comes out to $0.28). The company saw an operating cash flow of $19.8 million and a free cash flow of $7.1 million.

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Nutanix is also reporting that they have added 900 customers bringing the total to over 5,380 end customers. The company is also reporting billings of $227.4 million up 59% from this same time last year, $143.4 million.

Looking forward, Nutanix expects revenue between $180 and $190 million and a non-GAAP gross margin between 57 and 58%. The company is expected a net loss again, this time between $0.45 and $0.48 per share non-GAAP.

Nutanix Investor Relations

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